The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
58.com Inc., Class A, ADR ADR 31680Q104 1,497 22,790 SH   SOLE   22,790 0 0
Acadia Realty Trust Common 004239109 16,072 589,370 SH   SOLE   285,490 0 303,880
Adient plc Common G0084W101 160,456 12,380,835 SH   SOLE   11,939,842 0 440,993
Alexander & Baldwin, Inc. Common 014491104 3,201 125,830 SH   SOLE   62,530 0 63,300
Alexandria Real Estate Equities, Inc. Common 015271109 16,996 119,217 SH   SOLE   63,723 0 55,494
Alibaba Group Holding Ltd., ADR ADR 01609W102 765,385 4,195,037 SH   SOLE   4,119,773 0 75,264
Alleghany Corporation Common 017175100 49,598 80,989 SH   SOLE   80,989 0 0
Alphabet Inc., Class A Common 02079K305 564,003 479,232 SH   SOLE   468,992 0 10,240
Alphabet Inc., Class C Common 02079K107 1,151,373 981,304 SH   SOLE   961,405 0 19,899
Altus Midstream Co., Class A Common 02215L100 11,768 1,994,600 SH   SOLE   1,994,600 0 0
Amazon.com, Inc. Common 023135106 1,207,584 678,132 SH   SOLE   660,274 0 17,858
American Campus Communities, Inc. Common 024835100 16,690 350,784 SH   SOLE   188,040 0 162,744
American Express Co. Common 025816109 689,878 6,311,785 SH   SOLE   6,201,971 0 109,814
American Homes 4 Rent, Class A Common 02665T306 3,662 161,200 SH   SOLE   77,150 0 84,050
Apache Corp. Common 037411105 837,090 24,151,466 SH   SOLE   23,459,914 0 691,552
Applied Materials, Inc. Common 038222105 615,363 15,515,968 SH   SOLE   15,070,272 0 445,696
Aptiv PLC Common G6095L109 29,834 375,319 SH   SOLE   341,014 0 34,305
AvalonBay Communities, Inc. Common 053484101 31,400 156,430 SH   SOLE   82,310 0 74,120
Axalta Coating Systems Ltd. Common G0750C108 593 23,540 SH   SOLE   23,540 0 0
Azul S.A., ADR ADR 05501U106 11,093 379,772 SH   SOLE   379,772 0 0
Baidu, Inc., Class A, ADR ADR 056752108 14,845 90,053 SH   SOLE   90,053 0 0
Bank of America Corp. Common 060505104 41,631 1,508,920 SH   SOLE   1,508,920 0 0
Bank of N.T. Butterfield & Son Ltd. Common G0772R208 119,940 3,342,811 SH   SOLE   3,302,771 0 40,040
Bank of New York Mellon Corp. Common 064058100 859,676 17,046,925 SH   SOLE   16,767,070 0 279,855
Berkshire Hathaway Inc., Class A Common 084670108 1,024,432 3,401 SH   SOLE   3,398 0 3
Berkshire Hathaway Inc., Class B Common 084670702 336,341 1,674,254 SH   SOLE   1,574,140 0 100,114
Booking Holdings, Inc. Common 09857L108 95,743 54,870 SH   SOLE   54,820 0 50
Boston Properties, Inc. Common 101121101 20,747 154,970 SH   SOLE   79,100 0 75,870
Brandywine Realty Trust Common 105368203 9,285 585,421 SH   SOLE   281,540 0 303,881
Brixmor Property Group, Inc. Common 11120U105 11,324 616,450 SH   SOLE   307,910 0 308,540
Cabot Oil & Gas Corp. Common 127097103 14,522 556,389 SH   SOLE   448,370 0 108,019
Camden Property Trust Common 133131102 19,502 192,140 SH   SOLE   87,500 0 104,640
Capital One Financial Corp. Common 14040H105 1,125,196 13,773,978 SH   SOLE   13,485,446 0 288,532
CarMax, Inc. Common 143130102 352 5,046 SH   SOLE   1,286 0 3,760
Charles Schwab Corp. Common 808513105 20,936 489,624 SH   SOLE   489,624 0 0
Chubb Ltd. Common H1467J104 306,069 2,184,959 SH   SOLE   2,156,553 0 28,406
Cigna Corp. Common 125523100 15,865 98,648 SH   SOLE   90,084 0 8,564
Coresite Realty Corp. Common 21870Q105 9,605 89,750 SH   SOLE   42,690 0 47,060
Costco Wholesale Corp. Common 22160K105 1,860 7,680 SH   SOLE   250 0 7,430
Cousins Properties, Inc. Common 222795106 8,243 853,270 SH   SOLE   427,590 0 425,680
Crown Castle International Corp. Common 22822V101 17,649 137,880 SH   SOLE   67,420 0 70,460
Ctrip.com International, Ltd., ADR ADR 22943F100 21,630 495,080 SH   SOLE   495,080 0 0
CubeSmart Common 229663109 4,684 146,180 SH   SOLE   60,290 0 85,890
CVS Health Corp. Common 126650100 60,630 1,124,239 SH   SOLE   1,078,567 0 45,672
Davis Select Financial ETF 23908L108 42,038 1,904,737 SH   SOLE   1,904,737 0 0
Davis Select International ETF 23908L405 65,455 3,654,046 SH   SOLE   3,654,046 0 0
Davis Select U.S. Equity ETF 23908L207 71,548 3,169,516 SH   SOLE   3,169,516 0 0
Davis Select Worldwide ETF 23908L306 41,821 1,803,388 SH   SOLE   1,803,388 0 0
Digital Realty Trust, Inc. Common 253868103 18,000 151,260 SH   SOLE   74,920 0 76,340
DowDuPont, Inc. Common 26078J100 640 12,000 SH   SOLE   12,000 0 0
DXC Technology Co. Common 23355L106 728 11,319 SH   SOLE   11,319 0 0
EastGroup Properties, Inc. Common 277276101 3,232 28,950 SH   SOLE   12,330 0 16,620
Eaton Corp. PLC Common G29183103 35,796 444,340 SH   SOLE   400,895 0 43,445
Electronic Arts, Inc. Common 285512109 301 2,960 SH   SOLE   2,960 0 0
Encana Corp. Common 292505104 297,296 41,062,977 SH   SOLE   39,835,597 0 1,227,380
Equinix, Inc. Common 29444U700 26,986 59,550 SH   SOLE   29,460 0 30,090
Equity LifeStyle Properties, Inc. Common 29472R108 7,145 62,510 SH   SOLE   31,730 0 30,780
Equity Residential Common 29476L107 18,102 240,340 SH   SOLE   108,055 0 132,285
Essex Property Trust, Inc. Common 297178105 19,810 68,491 SH   SOLE   32,040 0 36,451
Everest Re Group, Ltd. Common G3223R108 37,305 172,742 SH   SOLE   172,742 0 0
Extra Space Storage Inc. Common 30225T102 9,778 95,950 SH   SOLE   46,570 0 49,380
Facebook, Inc, Class A Common 30303M102 885,618 5,312,965 SH   SOLE   5,177,082 0 135,883
Fang Holdings Ltd., Class A, ADR ADR 30711Y102 14,600 10,814,989 SH   SOLE   10,662,501 0 152,488
Federal Realty Investment Trust Common 313747206 15,505 112,480 SH   SOLE   54,090 0 58,390
FedEx Corp. Common 31428X106 579 3,190 SH   SOLE   3,190 0 0
First Industrial Realty Trust, Inc. Common 32054K103 2,862 80,950 SH   SOLE   36,630 0 44,320
Futu Holdings Ltd., Class A, ADR ADR 36118L106 1,852 100,000 SH   SOLE   93,540 0 6,460
GCI Liberty, Inc., Class A Common 36164V305 22,604 406,478 SH   SOLE   406,133 0 345
General Electric Co. Common 369604103 224,957 22,518,253 SH   SOLE   21,856,276 0 661,977
Goldman Sachs Group, Inc. Common 38141G104 51,300 267,202 SH   SOLE   267,202 0 0
Greenlight Capital Re, Ltd., Class A Common G4095J109 22,309 2,052,360 SH   SOLE   2,052,360 0 0
HCP, Inc. Common 40414L109 10,111 323,046 SH   SOLE   175,320 0 147,726
Hollysys Automation Technologies, Ltd. Common G45667105 141,229 6,744,448 SH   SOLE   6,744,448 0 0
Host Hotels & Resorts, Inc. Common 44107P104 10,955 579,620 SH   SOLE   270,130 0 309,490
HP, Inc. Common 40434L105 405 20,830 SH   SOLE   20,830 0 0
Hudson Pacific Properties, Inc. Common 444097109 18,355 533,270 SH   SOLE   267,410 0 265,860
Intel Corp. Common 458140100 44,296 824,878 SH   SOLE   722,041 0 102,837
Invitation Homes, Inc. Common 46187W107 3,478 142,970 SH   SOLE   65,510 0 77,460
iQIYI, Inc., Class A, ADR ADR 46267X108 87,637 3,663,754 SH   SOLE   3,534,820 0 128,934
JD.com, Inc., Class A, ADR ADR 47215P106 219,156 7,268,860 SH   SOLE   7,059,726 0 209,134
Johnson Controls International plc Common G51502105 486,400 13,167,287 SH   SOLE   12,697,210 0 470,077
JPMorgan Chase & Co. Common 46625H100 804,962 7,951,809 SH   SOLE   7,828,846 0 122,963
KKR & Co. Inc., Class A Common 48251W104 36,244 1,542,970 SH   SOLE   1,542,970 0 0
Lam Research Corp. Common 512807108 624 3,485 SH   SOLE   3,485 0 0
Liberty Expedia Holdings, Inc. Common 53046P109 11,639 271,944 SH   SOLE   271,714 0 230
Liberty Global plc, Series C Common G5480U120 23,789 982,594 SH   SOLE   982,594 0 0
Liberty Latin America Ltd., Class C Common G9001E128 18,149 933,089 SH   SOLE   932,281 0 808
Liberty Property Trust Common 531172104 6,258 129,240 SH   SOLE   60,520 0 68,720
Liberty TripAdvisor Hldgs Inc. - A Common 531465102 5,486 386,610 SH   SOLE   386,280 0 330
Life Storage, Inc. Common 53223X107 5,828 59,920 SH   SOLE   24,850 0 35,070
Loews Corp. Common 540424108 197,689 4,124,538 SH   SOLE   4,062,309 0 62,229
Macerich Co. Common 554382101 2,847 65,680 SH   SOLE   38,130 0 27,550
Magnolia Oil & Gas Corp., Class A Common 559663109 148,876 12,406,370 SH   SOLE   12,406,370 0 0
Markel Corp. Common 570535104 237,735 238,632 SH   SOLE   236,159 0 2,473
Microsoft Corp. Common 594918104 217,842 1,847,059 SH   SOLE   1,799,691 0 47,368
Mid-America Apartment Communities, Inc. Common 59522J103 2,974 27,200 SH   SOLE   12,920 0 14,280
New Oriental Education & Tech ADR ADR 647581107 944,073 10,479,224 SH   SOLE   10,326,020 0 153,204
Noah Holdings Ltd., ADS ADR 65487X102 45,438 937,635 SH   SOLE   922,135 0 15,500
Novartis AG - ADR ADR 66987V109 2,048 21,304 SH   SOLE   21,304 0 0
Oracle Corp. Common 68389X105 148,553 2,765,829 SH   SOLE   2,687,244 0 78,585
Owens Corning Common 690742101 16,092 341,512 SH   SOLE   309,641 0 31,871
PNC Financial Services Group, Inc. Common 693475105 40,942 333,781 SH   SOLE   333,781 0 0
PPG Industries, Inc. Common 693506107 617 5,470 SH   SOLE   5,470 0 0
Prologis, Inc. Common 74340W103 25,038 347,998 SH   SOLE   180,358 0 167,640
Public Storage, Inc. Common 74460D109 15,985 73,400 SH   SOLE   34,020 0 39,380
Qorvo, Inc. Common 74736K101 34,560 481,807 SH   SOLE   434,167 0 47,640
Quest Diagnostics, Inc. Common 74834L100 327,224 3,639,061 SH   SOLE   3,511,961 0 127,100
Quotient Technology, Inc. Common 749119103 46,796 4,741,248 SH   SOLE   4,345,838 0 395,410
Qurate Retail, Inc. Series A Common 74915M100 26,543 1,661,016 SH   SOLE   1,627,444 0 33,572
Regency Centers Corp. Common 758849103 15,909 235,730 SH   SOLE   113,630 0 122,100
Retail Opportunity Investments Corp. Common 76131N101 6,120 352,915 SH   SOLE   165,525 0 187,390
Rexford Industrial Realty, Inc. Common 76169C100 14,366 401,170 SH   SOLE   196,100 0 205,070
Ryman Hospitality Properties, Inc. Common 78377T107 4,105 49,920 SH   SOLE   24,240 0 25,680
SAP SE, ADR ADR 803054204 16,758 145,137 SH   SOLE   133,302 0 11,835
Simon Property Group, Inc. Common 828806109 37,371 205,100 SH   SOLE   109,350 0 95,750
SL Green Realty Corp. Common 78440X101 6,424 71,440 SH   SOLE   33,620 0 37,820
State Street Corp. Common 857477103 48,993 744,456 SH   SOLE   744,456 0 0
STORE Capital Corp. Common 862121100 1,250 37,300 SH   SOLE   18,720 0 18,580
Sun Communities, Inc. Common 866674104 6,982 58,910 SH   SOLE   30,050 0 28,860
Tarena International, Inc.,Class A, ADR ADR 876108101 26,406 4,862,912 SH   SOLE   4,862,912 0 0
Terreno Realty Corp. Common 88146M101 13,289 316,107 SH   SOLE   150,904 0 165,203
Texas Instruments, Inc. Common 882508104 441,912 4,166,232 SH   SOLE   4,056,570 0 109,662
The Blackstone Group L.P. Partnership 09253U108 19,978 571,300 SH   SOLE   571,300 0 0
The Stars Group, Inc. Common 85570W100 206 11,750 SH   SOLE   11,750 0 0
U.S. Bancorp Common 902973304 444,621 9,226,412 SH   SOLE   9,119,933 0 106,479
United Technologies Corp. Common 913017109 1,066,798 8,276,810 SH   SOLE   8,051,112 0 225,698
UnitedHealth Group, Inc. Common 91324P102 30,660 124,001 SH   SOLE   111,167 0 12,834
Ventas, Inc. Common 92276F100 10,060 157,650 SH   SOLE   114,250 0 43,400
Visa Inc., Class A Common 92826C839 18,718 119,842 SH   SOLE   119,842 0 0
Vornado Realty Trust Common 929042109 9,247 137,120 SH   SOLE   62,104 0 75,016
Wabtec Corp. Common 929740108 11,056 149,969 SH   SOLE   146,775 0 3,194
Wells Fargo & Co. Common 949746101 1,330,537 27,535,957 SH   SOLE   26,908,199 0 627,758
Xilinx, Inc. Common 983919101 803 6,335 SH   SOLE   6,335 0 0
Yirendai Ltd., ADR ADR 98585L100 36,330 2,679,239 SH   SOLE   2,651,759 0 27,480
ZTO Express Cayman, Inc., Class A, ADR ADR 98980A105 13,842 757,232 SH   SOLE   757,232 0 0